scorecardresearch
Wednesday, April 24, 2024
TopicBloomberg wire

Topic: Bloomberg wire

World’s central banks got inflation calls wrong, economies pay as pandemic recovery fumbles

The Federal Reserve is anticipated to raise interest rates by 75 basis points Wednesday, just weeks after Chair Jerome Powell & his staff projected a half-percentage-point increase.

Global bonds on cusp of bear market as inflation-hit US reserve set to hike interest rates

The global bond index has already slumped 16% in 2022, more than three times the size of the next biggest annual loss since 1990.

K-pop band BTS’ hiatus announcement triggers $1.7 bn rout as shares of managing agency tumble

Shares of Hybe, the agency that manages the boy band, sank as much as 28% Wednesday in Seoul, heading for its lowest close on record since its trading debut in October 2020.

$4.56 mn prize, 456 players — In ‘Squid Game’ reality show, contestants won’t be shot if they lose

The Netflix show will mimic the hugely popular original series, where a group of people with debts compete in versions of childhood games to win money as super-rich VIPs watch.

Loss of IPL streaming rights could cost Disney+ around 20 million subscribers

Cricket has been a big driver of customer acquisition for Disney+, so the company may now struggle to reach its goal of 260 million global subscribers by 2024.

Mukesh Ambani’s consumer empire gets a cricket spin after bagging IPL digital rights

Beating Amazon, Disney and Sony to the Indian Premier League was only half the battle. Now the world’s seventh-richest man needs to work out how to make money from it.

Bitcoin falls as much as 10% in deepening crypto sector selloff

Cryptocurrencies have become emblematic of a flight from speculative assets as monetary policy is tightened around the world to fight inflation, draining liquidity from global markets.

Mukesh Ambani’s Viacom18 beats media giants to win IPL streaming rights in bidding war

From Walt Disney to Sony, Viacom18 — a joint venture between Paramount Global & Ambani’s RIL — outbid all to bag the streaming rights, while Disney acquired the TV broadcast rights.

With $17 billion wipeout, LIC IPO among Asia’s biggest new stock flops this year

Having plunged 29% since its 17 May debut, India’s biggest ever IPO now 'ranks second in terms of market capitalisation loss since listing'.

Saudi to provide less crude oil to China while meeting most Asian requests

Japan, South Korea, Thailand and India will get the oil volumes they had sought, with some even getting extra supplies, according to refinery officials.

On Camera

Influencer is a real job. They are shaking up the internet

The reach and impact of influencers are so significant that even politicians such as Prime Minister Narendra Modi have recognised their value—the National Creators Award is proof.

Economists vs statisticians — the battle being fought over the soul of India’s GDP data

Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.

India, Oman hold 5th annual high-level meeting to boost maritime security

Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.

These 6 states are key for Modi’s ‘400 paar’ target. They’re also where Opposition can stop him

While this contest looks so predictable in large swathes of our political landscape, it is also more keenly contested than 2019 in some states.